Brian M. Lucey

Tag: Anglo

  • Ok, the banks are fubar’d : April 17 2009

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    brianmlucey
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    Here a bunch of us wade in suggesting that its time to call the ball. The banks are bust and will need to be taken into state care. Again this was published in the Irish Times OVER THE last number of months extraordinary changes have occurred in the Irish banking and financial scene. We believe…

  • Recapitalising the Banks : November 28 2008

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    brianmlucey
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    Another oped for the Irish Times, from a similar group warning that unless we moved rapidly we would end up with credit crunches and zombie banks….   Only adequate recapitalisation of the banks is likely to stop them inflicting further pain on an already slowing economy, write Brian Lucey, Gregory Connor, Valerio Poti, Mark Hutchinson, Niall O’Sullivan, Patrick…

  • Anglo, Politicians and the bogs…

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    brianmlucey
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    I kinda like Joan Burton. No, not in strange way, but she always seemed (at least in 2008-9-10) to have a good solid handle on the banking calamity. It’s a pity she got the smeared end of the stick when labour went into government. Actually, when you think of it – labour got the ‘go…

  • 100 things Ireland could have got for the price of one Anglo Irish Bank…

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    brianmlucey
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    With the #anglotapes this week it seemed to me a good time to recall those heady days of August 2010 when we had spent only 25b on Anglo. At that time Ronan Lyons and I penned this little piece in the Sunday Business Post… This week, it was announced that the EU had approved a…

  • The Anglo effect on austerity

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    brianmlucey
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    Seamus Coffey has a good nuanced discussion on his blog on Anglo options a la 2008. Despite what some might think, there were alternatives to the Guarantee. In any case, the evolution of general government debt since the start of the crisis is startling. In 2007 we had a GGD of €47.2, at end 2012 it…

  • Sowing the seeds of the next banking crisis…

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    brianmlucey
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    This is a extended version of a column in the Irish Examiner 29 June 2013. The revelations of the attitude of the Anglo bankers –sociopathic is a word that comes to mind- should remind us of the need to stop and look at the governments banking policy. What was surprising to many  about the Anglo…

  • (how) Should we spend the anglo savings?

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    brianmlucey
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    .This is a version of an opinion piece published in the Irish Examiner.So the Government has a deal on the anglo promissory notes in hand. There was an unseemly crowing from them and from much of the mainstream media when the deal was announced, the merits (some) and demerits (many) being lost in the laudatory…

  • Anglo deal doesn’t quite cut it

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    brianmlucey
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    This is a extended version of a column published in The Irish Examiner 9 February 2013 So now we know – its Frankfurts way, all the way. One can only wonder what was going through the minds of the labour party ministers as they signed off the deal that irrevocably linked the Anglo debt to…

  • Labour Senator calls for election if PN paid

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    brianmlucey
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    @JohnGilroyTeam: i think that there will have to be a general election if promissory notes are to be paid John Gilroy is the labour spokesperson in the Senate on finance. Throughout the last two years he has been one of the few people in politics who has engaged openly on social media. Most of his…

  • Anglo..a view from Europe

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    brianmlucey
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    So I spent the last few days in the very pleasant environs of Maastricht, as an invited speaker at a symposium on the future of international banking. Some really interesting papers and presentations were delivered, on which I will blog later. At the conference were a goodly number of bankers, central bankers past and present,…